Jerome Powell - Page 4

It looks like Federal Reserve Chairman Jerome Powell might be the Biden administration’s next fall guy for inflation now that the corporate greed and Putin Price Hike narratives have failed to work.

The largest tech firms in the world have reportedly lost over $1 trillion in value over just three trading days. Microsoft, Amazon, Tesla, and Google all lost more than $100 billion in a few days, while Facebook lost $70 billion.

The April employment reports released Friday perfectly encapsulated the economic moment: everyone has a job and no one is happy about it because of inflation.

The faith of the followers of Fed Chairman Jerome Powell is fickle. Thursday’s massive stock sell-off completely erased all of Wednesday’s Powell-inspired gains and then some.

For the stock market, April has indeed been the cruelest month in part because it has seen a blossoming awareness that inflation is not going to die of exhaustion after hitting 40-year highs.

Vulnerable Connecticut Rep. Jahana Hayes claimed that “Democrats single-handedly saved the economy,” during a portion of her remarks at a virtual black caucus town hall uploaded to YouTube.

Is that a fast enough pace to defeat inflation?

Federal Reserve Chairman Jerome Powell apparently figured out that the market had not quite got the message that he intends to be tough on inflation.

Harvard economist Gabriel Chodorow-Reich coined the phrase “immaculate disinflation” to describe Fed Chairman Jerome Powell’s persistent belief that the Fed can bring down inflation painlessly.

The wave of euphoria that washed over the stock market on Wednesday following the long-awaited rate hike should probably be taken as a warning sign.

The idea that inflation is caused by the lack of competition was gently dismissed by Fed chair Powell.

A sign that Joe Biden is increasingly viewed as irrelevant and ineffective.

No more stimulus needed.

The Fed realized it was offsides on inflation and the labor market. The reversal of policy may now come even more quickly than signaled at last month’s meeting.

The Fed pivots from pumping up employment to removing accommodation.

It took six or seven months but now everyone agrees that Bidenflation is persistent rather than transitory.

Jerome Powell again focused on the risk of inflation running hotter and longer than many economists expect.

Persistently high inflation would justify the Fed moving faster on winding down its bond purchases, Powell told a Senate panel Tuesday.

Federal Reserve chair Jerome Powell said on Tuesday that the test for reaching the Fed’s two percent target on average over time had been met, signaling that the Fed could taper bond-buying faster and raise rates earlier than previously anticipated.

On Monday’s edition of NPR’s “All Things Considered,” White House Council of Economic Advisers Chair Cecilia Rouse stated that Federal Reserve Chair Jerome Powell has been looking at data to understand the source of inflation, and “one of the things

Sen. Rand Paul (R-KY) told Breitbart News in a statement Monday that Jerome Powell’s renomination to serve a second term as the Federal Reserve chairman will do nothing to curb “America’s inflationary spiral.”

President Joe Biden was silent on Monday morning after a vehicle plowed into a crowd at a Christmas parade in Wisconsin, killing at least five people.

After months of delayed decision making, President Biden has decided to nominate Fed chair Jerome Powell for a second term.

Treasury Secretary Janet Yellen warned that Biden’s $1.2 trillion infrastructure bill could cause the United States to hit its debt limit on December 15.

Powell on Friday sounded a note of heightened concern about inflation and supply-side strains on the economy.

Fed officials will be banned from owning individual stocks and bonds under the new rules. Nancy Pelosi and others in Congress remain free to trade.

The Atlanta Fed president says it is becoming increasingly clear that the intense and widespread supply chain disruptions will not be brief.

Teen Vogue asks: “What Is the Federal Reserve and Why Does It Matter?” It gets both answers wrong.

The Federal Reserve is “the brainchild of six white men” which favors corporate America and Wall Street “instead of for struggling workers,” according to an op-ed published in Teen Vogue on Tuesday.

Senator Elizabeth Warren (D-MA) said Tuesday on MSNBC’s “The Last Word” that Fed Chair Jerome Powell should not be renominated because he is putting the U.S. economy in risk of another financial crisis.

At a hearing on Tuesday, Senator Warren said that Fed chair Jerome Powell’s bank supervision policies were putting the country at risk of a 2008-style financial crisis.

Sen. Elizabeth Warren (D-MA) urged the Federal Reserve to break up Wells Fargo, pointing to the persistent stream of scandals pouring forth from America’s third largest bank by assets.

Sen. Jon Tester (D-MT) said President Joe Biden should renominate Federal Reserve Chairman Jerome Powell, countering demands from the radical left Democrat “squad” that the administration should nominate a new chair with more radical views.

The so-called radical-left squad demanded President Joe Biden to oust Federal Reserve Chair Jerome Powell, urging him to appoint a new chair with radical views such as racial justice and climate activism.

Vulnerable Democrats running for reelection or higher officer in the midterms are bracing for Republican attacks on the rising inflation during the August recess when members are doing district work.

Powell pointed out that the second wave of infections that hit last summer had less of an economic impact than expected, in part because the states did not impose as severe lockdowns and because many households and businesses had adjusted to better deal with the pandemic.